"Third Fiscal Quarter Highlights
- Net income for quarter of $3.5 million ($0.06 basic and diluted earnings per share) and pre-tax income of $5.0 million on combined mining and consulting services revenue of $20.5 million
- Cash flows from operating activities of $7.2 million
- Bellekeno mine revenue of $18.8 million and gross profit of $9.5 million, on sales of 3,083 tonnes of lead-silver and zinc concentrate
- Production of 447,524 ounces silver, 3,682,304 pounds lead and 1,334,144 pounds zinc
- Realized metal prices averaged US$39.88 per ounce silver, US$1.20 per pound lead and US$1.07 per pound zinc
- Cash costs of production1 of $8.88 per ounce of payable silver produced, net of by-product credits
- Bellekeno ramp up continues, maintaining calendar year 2011 production guidance of 2.8 million ounces silver, 18 million pounds lead and 8 million pounds zine"
The current chart looks very promising. The MACD will likely have a bull cross over this upcoming week. The RSI has plenty of room to run. The 200 Day MA was not touched but seems there is heavy support at the current level. Classic Morning Star candlestick formation May 16th - May 18th followed by a DOJI on May 20th.
I am expecting a run for the 50 Day MA. Silver has seemed to turn already as well. With Alexco's impressive Q1 financial results, Alexco's Management team has proven its ability to execute on their plans. This silver mining stock is one to watch throughout 2011.
Current Entry: 7.20
Additional Reading:
Learn more above Alexco Resources from CEO Clynton Nauman
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